NET INCOME PER SHARE

Basic net income per share is computed using only the weighted-average number of shares of common stock outstanding for the applicable period, while diluted net income per share is computed assuming conversion of all potentially dilutive securities, such as stock options, unvested restricted stock units and awards, and convertible notes during such period.

The following table presents the calculation of basic and diluted net income (loss) per share for the fiscal years ended June 30, 2018, July 1, 2017 and July 2, 2016:



	Year Ended
	June 30, 2018		July 1, 2017		July 2, 2016
	(Thousands, except per share amounts)
Net income	$	62,453	$	127,859	$	8,580

Weighted-average shares - Basic	169,263		158,115		110,599
Effect of dilutive potential common shares from:
Stock options and stock appreciation rights	389		674		204
Restricted stock units and awards	2,084		2,489		2,425
Convertible notes	—		3,753		—
Weighted-average shares - Diluted	171,736		165,031		113,228

Basic net income per share	$	0.37	$	0.81	$	0.08
Diluted net income per share	$	0.36	$	0.77	$	0.08

For fiscal years ended June 30, 2018, July 1, 2017 and July 2, 2016, we excluded 0.7 million, 0.8 million and 35.6 million, respectively, of outstanding stock options, stock appreciation rights, unvested restricted stock units or shares issuable in connection with convertible notes from the calculation of diluted net income per share because their effect would have been anti-dilutive.